Powell speech: We are not and will not be a climate policymaker – by eren_fxstreet Fed CentralBanks
said the Federal Reserve's independence from political influence is central to its ability to battle inflation, as reported by Reuters. Powell further noted that this independence requires the Fed to stay out of issues like climate change that are beyond its congressionally-established mandate."Fed must resist the temptation to broaden its scope to address other important social issues.""Fed has narrow responsibilities regarding climate-related financial risks.
"Without congressional laws, inappropriate for us to use our monetary or supervisory tools to promote a greener economy."the US Dollar IndexInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eric Powell's The Goon Under The Spotlight for 2023Before The Goon was published by Albatross Funnybooks or Dark Horse, it came out from Avatar Press. And it's time to revisit those days.
Read more »
EUR/USD aims to recapture 1.0760, investors await Fed Powell’s speech for fresh cuesThe EUR/USD pair has displayed a corrective move after failing to extend the upside range above the crucial resistance of 1.0760. The major currency p
Read more »
NZD/USD retreats towards 0.6350 with eyes on Fed Chair PowellNZD/USD fades upside momentum after two-day advances as it drops to 0.6370 during early Tuesday’s Asian session. The Kiwi pair previously rose to the
Read more »
USD/JPY slides below 132.00 despite mixed Tokyo Inflation data, focus on Fed Chair PowellUSD/JPY takes offers to refresh intraday low near 131.60 as it prints three-day downtrend even as the Tokyo inflation data fails to bolsters hawkish e
Read more »
US Dollar Index bounces off seven-month low ahead of Fed Chair Powell’s speechUS Dollar Index (DXY) makes rounds to 103.15-20 as sellers pause after a two-day downtrend around the lowest level since June 2022. That said, the gre
Read more »
USD/CHF rebound from 0.9200 amid caution in market mood, Fed Powell’s speech eyedThe USD/CHF pair has sensed buying interest after dropping to near the round-level support of 0.9200 in the early Asian session. Earlier, the Swiss fr
Read more »